Neometals is an emerging, sustainable battery materials producer. The Company has developed a suite of green battery materials processing technologies that reduce reliance on traditional mining and processing and support circular economic principles.

Neometals’ three core business units:

• Lithium-ion Battery (“LIB”) Recycling – to produce new battery materials from spent LIBs in a 50:50 JV (Primobius) with German plant builder SMS group. Primobius has a 10tpd commercial Shredding ‘Spoke’ operation in Germany, it is the recycling technology partner to Mercedes Benz and is planning its first 50tpd operation with Stelco Inc. in Canada;

• Vanadium Recovery – to produce high-purity V2O5 via processing of steelmaking by-product (“Slag”). Developing a 300,000tpa ~73:17 JV operation in Pori, Finland, underpinned by a 10-year Slag supply agreement with steelmaker SSAB. MOU with H2Green Steel underpins potential second operation in Boden, Sweden; and

• Lithium Chemicals – to produce battery quality LiOH from brine and/or hard-rock feedstocks using patented ELi™ electrolysis process owned by RAM (70% NMT, 30% Mineral Resources Ltd). Targeting initial 25,000tpa operation in Estarreja with Portugal’s largest chemical producer, Bondalti Chemicals S.A.